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The Engel & Völkers News Brief: Friday, May 19, 2017

Friday, May 19th, 2017 at 1:10pm Engel & Völkers

E&V News

Florida Estate Asks $51 Million (Unless You Only Want Part of it)
The Wall Street Journal
Frank Luppi’s mega Florida estate is being pitched as three separate parcels—asking $32 million, $10.5 million and $8.5 million—and with three separate listing agents.

Geoffrey Bray and Lindsay Bacigalupo: Providing a New Real Estate Experience
In 2015, Geoffrey Bray and Lindsay Bacigalupo partnered to establish Engel & Völkers Minneapolis Downtown, a Minneapolis, Minn.-based brokerage, with Bray serving as the firm’s managing broker.

Playa de Palma Transformation ‘to Trigger Property Boom’
Opp Today
Leading international agent, Engel & Völkers, has opened its first Residential Property Shop on Playa de Palma, Spain.

Listings Divide Jupiter Island Estate Into 3 Parcels
The Real Deal
Each parcel has its own listing agent and asking price; all three are available for $51 million.


North America

Toronto-Area Real Estate Listings hit Records Amid Correction Concerns
The Globe and Mail
Homeowners in several communities around Toronto – including the Greater Toronto Area itself – put a record number of homes up for sale in April as they rushed to cash in on soaring prices before the market peaked.

US Housing Starts Total 1.172M in April, vs 1.26M Starts Expected
Construction of new homes fell for a second straight month in April, pushing activity to the lowest point in five months.



After Slowdown, Hopes Are High for Real Estate in Malaysia
Mansion Global
The country offers a relative bargain for luxury buyers.


Luxury Living 

Millennials’ Luxury Spending to Increase While Boomers’, Gen X’s Will Decrease
Luxury Daily
Millennials spend more money on experiences than products.

French Riviera: Hot Spots for the Summer
Robb Report
The British playwright W. Somerset Maugham famously called the Côte d’Azur “a sunny place for shady people.”

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